In this article, we look at 12 Best Telecom Services Stocks to Buy According to Analysts.

The telecom services industry is moving through a period of modest growth, heavy network investment, and rising pressure to prove that new technologies can earn acceptable returns. Omdia said global telecom connectivity revenue reached $1.3 trillion in 2025, up 4% year over year, while 5G connections surpassed 3 billion. Ericsson’s June Mobility Report said 5G subscriptions reached 3.1 billion in the first quarter and that mobile network data traffic grew 22% from Q1 2025 to Q1 2026. The GSMA’s Mobile Economy 2026 report also said mobile technologies and services generated $7.6 trillion for the global economy in 2025, with the industry’s economic impact projected to reach $11.3 trillion by 2030 as 5G, AI and digital technologies scale.

For telecom operators, the investment debate is less about explosive growth and more about disciplined execution. Wireless, fiber broadband, fixed wireless access, enterprise connectivity, satellite-to-mobile services, and network slicing are all expanding the menu of revenue opportunities. The challenge is that these opportunities require capital, spectrum, regulatory patience, and strong customer retention. Analysts continue to see upside in select telecom services stocks where valuations already reflect debt, competitive pressure or weak sentiment, but the sector still rewards operators that can convert network quality into durable cash flow.

Methodology

For this article, we reviewed US listed stocks whose core business is wireless, broadband, cable, fiber, satellite connectivity, or internet/network services. Then we narrowed the pool of stocks based on the consensus analyst price-target upside. Only companies with at least three analysts covering the stock and at least 20% implied upside were considered. The stocks were ranked by average upside based on consensus. We further limited our selection to companies with recent news and developments.

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12. BCE Inc. (NYSE:BCE)

BCE Inc. (NYSE) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 24.98% upside, and the consensus rating is Buy. On June 18, Bell Canada, Cohere, Hypertec and BUZZ HPC announced a major sovereign AI infrastructure deal in Canada. The collaboration brings together Bell AI Fabric’s data center and connectivity foundation, Cohere’s enterprise AI models, Hypertec’s Canadian-built hardware and BUZZ HPC’s GPU infrastructure. Separately, HIVE Digital Technologies said BUZZ HPC executed a three-year GPU cloud contract worth about $220 million tied to the arrangement.

The update gives BCE a more investor-relevant angle than a routine network-quality award because it shows Bell trying to turn telecom infrastructure into higher-value AI and data-center services. The opportunity is meaningful, but execution still matters, since telecom operators must prove that capital-heavy digital infrastructure can support durable cash flow rather than just bigger spending plans.

BCE Inc. (NYSE:BCE) is a Canadian communications company that provides wireless, internet, television, media, business connectivity, and related telecom services.

11. Rogers Communications Inc. (NYSE:RCI)

Rogers Communications Inc. (NYSE:RCI) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 26.09% upside, and the consensus rating is Buy. On June 30, the Canadian Radio-television and Telecommunications Commission launched a show-cause proceeding involving Rogers, Bell and TELUS over fees that may conflict with new consumer protections against activation and modification fees.

For Rogers, the CRTC cited a $40 device setup charge, a $25 shipping charge for online device orders, and an unspecified SIM-related fee. Rogers told the regulator it had not stopped charging the fees because it considered them compliant with the policy. The issue is directly relevant to telecom services because Canadian operators are managing tighter rules around customer switching costs, fee revenue, and pricing flexibility. The proceeding has not decided wrongdoing, but it adds regulatory pressure at a time when wireless and broadband competition already limits easy growth.

Rogers Communications Inc. (NYSE:RCI) is a Canadian communications company that provides wireless, cable, internet, media, sports, and business telecom services.

10. KT Corporation (NYSE:KT)

KT Corporation (NYSE:KT) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 28.83% upside, with the consensus rating of Hold. On July 6, news agency Yonhap reported that KT plans to invest about 18 trillion won, or roughly $11.8 billion, as part of its push to become an AI transformation platform company. The plan includes 12 trillion won for cybersecurity, IT and networks over three years, along with investments in AI data centers, submarine cables, 6G and satellite technologies.

The telecom angle is direct because KT is tying its network base to higher-value digital infrastructure rather than treating connectivity as a stand-alone utility. The scale of the plan also raises execution risk, since telecom operators have often struggled to earn attractive returns from new technology bets. For KT, the key issue is whether AI and network upgrades can add growth without diluting the cash-generation profile of its core telecom business.

KT Corporation (NYSE:KT) is a South Korean telecommunications company that provides wireless, fixed-line, broadband, enterprise connectivity, cloud, and digital platform services.

9. Lumen Technologies, Inc. (NYSE:LUMN)

Lumen Technologies, Inc. (NYSE:LUMN) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 29.70% upside, and the consensus rating is Hold. On June 10, Lumen and its Qwest subsidiary announced the expiration and final results of exchange offers and consent solicitations tied to Qwest notes due in 2056 and 2057.

The transaction was a capital-structure move, but that still matters for a telecom services company whose strategy depends on expensive fiber, enterprise connectivity, and long-haul network assets. Lumen has been working to reposition itself around business connectivity, data transport and AI-related network demand, but its equity story remains weighed down by debt, weak legacy revenue and turnaround execution risk. The consensus upside reflects that tension: analysts see room for recovery from depressed levels, but the stock still needs evidence that network demand can translate into better revenue quality and balance-sheet stability.

Lumen Technologies, Inc. (NYSE:LUMN) provides fiber, internet, edge, security, managed network, and enterprise connectivity services.

8. Liberty Global Ltd. (NASDAQ:LBTYA)

Liberty Global Ltd. (NASDAQ:LBTYA) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 35.04% upside, and the consensus rating is Hold.

On July 1, the UK Competition and Markets Authority referred nexfibre’s planned acquisition of Substantial Group for an in-depth investigation. The deal is relevant to Liberty Global because nexfibre is a joint venture backed by Liberty Global, Telefónica and InfraVia, and Substantial includes Netomnia, Brsk, Brsk ISP and YouFibre.

For telecom investors, the review puts regulatory attention on fiber consolidation in the UK, where broadband operators are trying to balance network expansion, customer growth and capital efficiency. Liberty Global remains a converged broadband, video and mobile operator with exposure across several European markets, but its investment case is also shaped by complex ownership structures and asset-level transactions. The upside case depends partly on whether those moves can unlock value without adding more strategic clutter.

Liberty Global Ltd. (NASDAQ:LBTYA) is a converged communications company that provides broadband, video, mobile, and fixed-line services across European markets.

7. EchoStar Corporation (NASDAQ:ECHO)

EchoStar Corporation (NASDAQ:ECHO) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 43.18% upside, and the consensus rating is Buy.

On June 30, Reuters reported that EchoStar’s Dish DBS and wireless subsidiaries filed for prepackaged Chapter 11 bankruptcy protection after a delay in the closing of a spectrum-license sale to AT&T. Reuters also reported that the move was meant to address debt maturities and facilitate the wind-down of Dish Wireless’s 5G network operations. This is a high-risk telecom services story rather than a clean recovery setup. EchoStar’s value is tied to satellite, spectrum and wireless assets, but the restructuring highlights how costly it is to build and finance a national communications platform. The consensus upside is large, but it comes with obvious uncertainty around bankruptcy timing, spectrum monetization, creditor outcomes and the company’s post-restructuring operating profile.

EchoStar Corporation (NASDAQ:ECHO) provides satellite communications, broadband, wireless spectrum, and pay-TV services through its communications and Dish-related businesses.

6. T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 45.94% upside, based on 28 analysts, and the consensus rating of Buy.

On June 29, The Verge reported that T-Mobile had begun notifying customers that it would retire many legacy plans and move subscribers to current rate plans. T-Mobile said customers would gain access to newer network and service features, including a five-year price guarantee, though some customers could see a modest bill adjustment.

The move is relevant because wireless operators are trying to balance premium 5G monetization with customer retention. T-Mobile has long benefited from its challenger brand, so plan migration can support revenue per account but also carries churn and reputation risk if customers see it as price pressure by another name. Analysts still view the company favorably because its 5G network scale, post-Sprint synergies, and wireless growth profile remain stronger than most large U.S. peers.

T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless voice, messaging, data, fixed wireless broadband, and related communications services in the United States.

5. AT&T Inc. (NYSE:T)

AT&T Inc. (NYSE:T) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 46.94% upside, and the consensus rating is Buy. Among the most important developments recently, Reuters reported on June 18 that California regulators asked a U.S. court and the Federal Communications Commission to reject AT&T’s request to stop offering traditional copper-based landline service to new customers in parts of the state.

The dispute centers on AT&T’s carrier-of-last-resort obligations in California, where the company says the legacy copper network costs about $1 billion a year while serving only 3% of its customers in the state. Reuters said AT&T’s request covers 360 wire centers, including about 184,000 residential and 15,000 business customers. This is not a growth catalyst, but it is an important regulatory and cost-control issue for a large telecom operator with aging legacy infrastructure. The outcome could affect how much flexibility AT&T has in managing low-return legacy services.

AT&T Inc. (NYSE:T) provides wireless, fiber broadband, fixed-line, enterprise connectivity, and related telecom services in the United States.

4. Cogent Communications Holdings, Inc. (NASDAQ:CCOI)

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 63.74% upside, and the consensus rating is Hold. On June 29, Cogent said its Cogent Fiber subsidiary closed the sale of 10 data center facilities for $225 million in cash to an entity sponsored by I Squared Capital. The deal is relevant because Cogent is primarily a network and internet-access company, and asset sales can sharpen the focus on bandwidth-intensive enterprise customers, IP transit, and private network services.

Cogent’s all-optical IP network gives it a cleaner telecom-services profile than many broader communications companies, but the stock has been pressured by concerns around integration, leverage and demand timing. The consensus upside reflects a recovery case built on execution rather than hype. Investors still need evidence that the company can turn network scale and portfolio simplification into stronger margins and cash flow.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) provides internet access, IP transit, private network, and data transport services to businesses and service providers.

3. Charter Communications, Inc. (NASDAQ:CHTR)

Charter Communications, Inc. (NASDAQ:CHTR) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 67.81% upside, and the consensus rating is Hold. On June 26, Reuters reported that SpaceX and Charter had held executive-level talks about a possible U.S. consumer mobile-phone partnership, citing Bloomberg News. Reuters also noted that Charter declined to comment, so the report should be treated as a potential strategic discussion rather than a confirmed transaction.

The angle is still relevant because cable companies are using mobile bundles to defend broadband relationships as fixed wireless and satellite broadband intensify competition. Charter’s broadband business remains the core of the investment case, but mobile can help improve customer stickiness when packaged correctly. The large consensus upside reflects how far sentiment has fallen around cable broadband, where subscriber losses, pricing pressure and competitive alternatives have made even solid cash-flow assets trade like turnaround stories.

Charter Communications, Inc. (NASDAQ:CHTR) provides broadband internet, cable video, mobile, voice, and business connectivity services under the Spectrum brand.

2. Cable One, Inc. (NYSE:CABO)

Cable One, Inc. (NYSE:CABO) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 69.19% upside, while the consensus rating is Sell. On June 4, the Cable One brand, Sparklight, said it had invested nearly $1 billion over the past three years to expand and enhance its fiber-rich network across a 24-state footprint. The company said the network spans more than 31,000 route miles and is intended to support faster connectivity and greater capacity for residential and business customers.

That is directly tied to the telecom services theme because Cable One’s story depends on whether broadband upgrades can stabilize customer trends and improve service quality in smaller U.S. markets. The large upside figure should be read carefully because the analyst consensus rating is negative, making this less a broad bullish call and more a valuation-recovery setup. Execution on broadband performance and customer retention remains central.

Cable One, Inc. (NYSE:CABO) is a broadband communications company that provides internet, cable, phone, and business connectivity services, mainly through Sparklight.

1. TELUS Corporation (NYSE:TU)

TELUS Corporation (NYSE:TU) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 70.07% upside, and the consensus rating is Hold. On July 1, TELUS said Victor Dodig began his tenure as President and CEO after joining the management team as CEO-designate on May 1. The planned transition followed Darren Entwistle’s retirement after 26 years of leadership. Leadership changes matter for telecom operators because strategy depends on long-cycle network investments, pricing discipline, and capital allocation rather than quick product cycles.

TELUS enters the transition with a broad communications and technology platform, but the equity case remains anchored in wireless, broadband, enterprise services, and cash-flow repair. The upside implied by consensus targets is the highest on the list, yet analysts are not calling it a clean growth story. The more modest read is that sentiment has fallen enough for recovery potential if execution and debt control improve.

TELUS Corporation (NYSE:TU) is a Canadian communications technology company that provides wireless, broadband, enterprise, digital, health, and related technology services.

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